BullBear52x wrote:Cash index, wishful thinking, I am on the RED.
SPY/SPX is struggling with the clear resistance here at around SPY 289. Naz advancers and other key internals are holding strong. But gld and slv are no longer bleeding out.
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Al_Dente wrote:"Walmart says it will raise prices because of tariffs"
From Briefing.com:
"Wal-Mart impressed investors with its best Q1 comparable sales in nine years, increasing 3.4% last quarter."
Everybody remember when Amazon bought Whole Foods and the retail world plunged into despair and "Walmart is doomed" cries filled the air..?
Good not to believe everything one reads.
From Briefing:
The CBOE Volatility Index (15.29, -1.14, -6.9%) is back down to the 15.0 area after touching 23.38 last week. Looking at the FAANG stocks shows all components trading higher.
1st test of ema20 in 2+ hours watch for long setup.
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Chart for the road: bulls has a good rebound, but I classified it as a dead cat bounce, if I were to swing trade, this could be a pivot point that big reaction move could happen here, that will be tomorrow. I will take a rest and ready for it. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Mr. BachNut wrote:.......NYMO is making its first appearance above the zero line in a month.
The down cycle is probably over but we have to wait for a close or two for confirmation....
visual on that intraday NYMO
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Need a new high, not a lower high. Support at ES 2884 zone has been tested three times, so next time could easily break. Consolidation zone around ES 2877.50 2880 looks like the last support (matches Bull Bear Fibs also) as that short squeeze spike will reverse easily.
This is what I was talking about. Depth of market shows buyers trying to catch a bounce up. But chart pattern says too many saves at this level. We will soon know who was correct.